Taiwan Mobile sets 2010 capex at NT$6.9 billion Tweet

Telecom carrier Taiwan Mobile (TWM) has set a capital expenditure (capex) outlay of NT$6.9 billion (US$216 million) for 2010, increasing by 3.4% from 2009.

The 2010 capex consists of NT$4.7 billion for expanding and upgrading mobile communication infrastructure, NT$1.6 billion for establishing additional fixed-line communication infrastructure and NT$600 million for expanding and upgrading cable TV networks, TWM noted at an online investors conference on January 28.

The Taiwan-based company also forecast that its first-quarter 2010 will see consolidated revenues of NT$17.03 billion, net profit of NT$3.59 billion and net earnings per share (EPS) of NT$1.20.

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